Market Overview: Nifty 50 Futures Nifty 50 Bull Flag on the weekly chart. On the weekly chart, the market formed a strong bull bar following an unsuccessful attempt at a reversal. Bulls gave a bull breakout of the bull flag, and based on the height of the bull flag, this could cause a measured move […]
Nifty 50 Trading Range Price Action
Market Overview: Nifty 50 Futures Nifty 50 Trading Range Price Action on the weekly chart. This week, the market created a small bear bar that closed close to its low and an inside bar pattern that could signal a gradual decline. The tight bull channel in which the weekly is still trading makes it more […]
Nifty 50 Outside Bar on Weekly
Market Overview: Nifty 50 Futures Nifty 50 outside bar on weekly chart where the market created a bear doji bear this past week. It is currently trading inside a tight bull channel. Measured move of the head and shoulder bottom and the all-time high could be acting like a magnet for the price. The daily […]
Nifty 50 Tight Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 tight bull channel on the weekly chart. Bulls were unable to create a strong follow-through above the big round number 18000, and bears on the weekly chart will stay away from selling until the market develops another strong bear bar. This week, the market formed a bear bar that […]
FTSE Head and Shoulders Top or High 1 Buy?
Market Overview: FTSE 100 Futures The FTSE futures market formed a possible FTSE head and shoulders top on the weekly chart. The bulls want a High 1 buy above the pullback, but they might wait for a better entry bar. The bulls want a strong close or double bottom above the prior trading range high from […]
Nifty 50 Wedge Top
Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart. On the monthly chart, the market produced a powerful bull bar that closed very near to its high. The Nifty 50 was also able to close above the big round number 18000, which may be a sign of strength. Similar to the monthly chart, the market […]
Nifty 50 Futures Big Head and Shoulders
Market Overview: Nifty 50 Futures Nifty 50 on the weekly chart forming a big head and shoulder pattern and currently market going sideways and forming a triangle (right shoulder). Aggressive traders would go long before a triangle breakout as this is also a head and shoulder. The market on the daily chart is forming a […]
Brooks trading room enhancement
Background It is hard to believe but Al has been providing the trading room webinars for 12 years now! As many traders know, he has cut back his days in the trading room because he is writing a new book, spending more time with his family, and resting his voice as much as possible. Our […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
Emini bulls want double bottom higher low major trend reversal with January 28 low
Trading Update: Wednesday February 23, 2022 Emini pre-open market analysis Emini daily chart Yesterday was a weak reversal up from a double bottom higher low major trend reversal with January 28 low. If the bulls get consecutive bull bars closing above the February 9 high, they would then likely get a break above the January […]